By admin on 13/08/2010
Price action on GBP/USD (a 4-hour chart of which is shown) as of Thursday (8/12/2010) has continued this week?s precipitous drop from 1.6000 resistance and has approached key support in the 1.5550 price region once again, establishing close to a two-week low. For more technical analysis on this currency pair, please click [...]
Posted in Forex Master | Tagged 160, bearishness, continued, gbpusd, off
By admin on 22/05/2010
Price action on EUR/USD, a daily chart of which is shown, dipped below 1.2300 support on Monday (5/17/2010) before correcting back up above that level and consolidating as of early Tuesday (5/18/2010), New York session. The technical bias on EUR/USD, however, remains substantially bearish in line with the strong continuing downtrend in the pair that [...]
Posted in Forex Master | Tagged 4year, and, bearishness, continued, eurusd, low, potential
By admin on 12/05/2010
After the dramatic drop this entire week (and especially on Thursday) that has established a new 14-month low around its expected 1.2500 support target, price action on EUR/USD (a daily chart of which is shown) has made an anticipated bullish correction. Despite this counter-trend correction, the strong bearishness that has characterized this currency pair for [...]
Posted in Forex Master | Tagged 12500, bearish, bias, continued, eurusd, hits, target
By admin on 08/05/2010
Players have theur own agenda when traders await prime data .
EURO made 100+ pips negative net change making USD gaining moves
USD/CHF made 100+ negative net change making USD losing moves
EURO/CHF made 276 pips negative net change for any level
Posted in Forex Master | Tagged continued, contrarian, discounting, events, moves, prime
By admin on 23/04/2010
Price action on AUD/USD, a daily chart of which is shown, has made yet another bullish push within the context of a continuing uptrend support line extending from the early February low. This bullishness occurs despite a slight dip below the trendline on Monday that ultimately failed to close below the line. Currently, the key [...]
Posted in Forex Master | Tagged audusd, bullishness, continued, uptrend, within
By admin on 17/03/2010
USD/CAD as of Tuesday (3/16/2010) afternoon New York session continues its bearish stretch towards its downside parity (1.0000) target, having just established a new 19-month low in the process. Parity has not been reached since July 2008. Currently, after having broken below key support around 1.0200, this broken support level should now serve as tentative [...]
Posted in Forex Master | Tagged continued, down, parity, stretch, towards, usdcad
By admin on 18/12/2009
Price action on AUD/USD, a daily chart of which is shown, has dropped to around the 0.8800 support level after having broken down below a significant triangle pattern consolidation. This occurs in the midst of a potential bearish reversal of the long-term uptrend that has been in place since the March lows. Displaying evidence of [...]
Posted in Forex Master | Tagged audusd, bearishness, breakdown, continued, off, trend
By admin on 04/10/2009
Price action on USD/JPY, a daily chart of which is shown, continues in its bearishness despite having earlier in the week bounced up off a new 8-month low around 88.20 with a clear hammer candle. This hammer candle descended all the way down to the bottom border of a rough parallel downtrend channel (it is [...]
Posted in Forex Master | Tagged bearishness, bottom, channel, continued, towards, usdjpy
